Wars around the world will not send the share price of the company up as the market wants to see an increase in production and an increase in reserves.
Jumps in the oil price will give the share price a quick sugar hit and then the share price will just drop again as the oil price quickly drops too and that's why day traders are all over this stock as there is very easy money to be made just trading it.
When the company hopefully actually starts delivering on projects, sorts out the Origin issues and finally delivers big sustainable increases in production the share price will then break out of the current trading range of $1.50 - $1.65 but until then the share price will just bounce around the current trading range.
Beach Energy Limited, page-407
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Last
$1.69 |
Change
0.065(4.00%) |
Mkt cap ! $3.855B | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.71 | $1.64 | $20.49M | 12.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 119717 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 30438 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.70 |
Change
0.065 ( 4.80 %) |
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| Open | High | Low | Volume | ||
| $1.64 | $1.71 | $1.64 | 3494628 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| BPT (ASX) Chart |